Lets assume you have an idea for the next great thing. Where do you go from here? Based upon extensive experience in developing products for both large and small companies, I offer a road map of the major steps and important choices faced by inventors
Inventors benefit most from their inventions when they have commercialized and patented them. Inventors should seek a patent to protect their invention.
Patenting is only the start of your work. You must decide how far to bring the idea. Your choices range from licensing the patent to starting a company based upon the idea. In general the more work you do, the less uncertainty your partners (such as licensees or investors) face and the higher your profit.
To read the full, original article click on this link: Commercialization Of Inventions Made Simple